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Casablanca Stock Exchange welcomes fourth ELITE cohort

Casablanca Stock Exchange (CSE) is committed to supporting businesses access growth financing. In 2016, CSE partnered with London Stock Exchange Group to launch business support and capital raising programme, ELITE, in Morocco.

Today, 13 new Moroccan companies join ELITE and three businesses obtain ELITE certificates, becoming ELITE alumni. This demonstrates the success of the local ELITE programme.There are 48 Moroccan companies in the ELITE community, with combined revenues of 14 billion MAD, operating across 16 sectors and employing 11,000 people.

Karim Hajji, CEO, Casablanca Stock Exchange:“The continued success of ELITE Morocco confirms our conviction that this program is the right programme to help Moroccan companies access growth financing and meet the requirements of the financial market. Through ELITE, the prospects for expansion and growth are becoming more accessible and the country’s economic fabric stronger. "

Luca Peyrano, CEO, ELITE:“I warmly congratulate Mr Hajji and his team on the success of ELITE in Morocco. Another 13 dynamic Moroccan SMEs join ELITE today. This brings the ELITE Morocco community close to 50 companies, with combined revenues of 14 billion MAD, operating across 16 sectors and employing 11,000 people. These firms have a unique capacity to innovate, create new jobs and ultimately drive economic prosperity.“ELITE has the potential to support the country’s emergence as a regional economic powerhouse and the expansion of ELITE in Morocco is testament to Casablanca Stock Exchange’s commitment to supporting local SMEs. I’m delighted that we are working together to shine a spotlight on some of Morocco’s most inspiring businesses.”